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Published 06 January 2014 08:40, Updated 08 January 2014 10:55
Australian entrepreneur and app developer John Papandriopoulos has sold his company Snappy Labs to Apple for an undisclosed sum.
Apple has acquired an Australian entrepreneur’s smartphone app that turned the iPhone 5 into a full action camera capable of shooting 20 high-quality photos in one second.
Earlier Fairfax Media reported that the entrepreneur was understood to be in talks with Apple, as well as several other technology companies, after the SnappyCam app was pulled from the iTunes store, its support website’s content removed and its online social networking profiles locked.
The company behind the app, Snappy Labs, is run by John Papandriopoulos, who is based in San Francisco but grew up in Melbourne.
The terms of the deal have not been disclosed and it’s not known if Papandriopoulos now works for Apple and whether SnappyCam will ever reappear. What’s more likely is the app’s functionality being integrated into Apple’s existing camera app in future software updates so that all users of Apple’s iPhone or other devices can enjoy its benefits without having to pay for the app.
Papandriopoulos has failed to returns calls and emails requesting comment.
In confirming the acquisition to The Wall Street Journal, an Apple spokeswoman relayed the standard comment that the company issues when a deal has taken place: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
How much Apple paid for Snappy Labs remains unknown. But for some indication, the Cupertino, California company previously acquired Australian-born internet entrepreneurs Ben Keighran and Cathy Edwards’s mobile app search engine Chomp for $US50 million.
Read the full story at The Sydney Morning Herald.